06.11.2015 - Euro reached the target level of 1.0700

Price of euro showed a sharp decline after a long consolidation below 1.0900 and reached the target level of 1.0700, and at the lower limit of the downward channel. At the moment, there is a possibility of rebound of quotations up to 1.0800. The correction is limited by the channel. The next target levels within fall will be 1,0450-1,0500. We maintain a medium-term negative outlook and recommend holding short positions, in spite of a possible price rebound.

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